Gold.com Inc. (GOLD) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is moderately positive: Six firms covering Gold.com give it a consensus “Moderate Buy” rating, with four buys and two holds; the average 12-month price target is $58.
• Quarterly results fell short of expectations: Gold.com reported EPS of $0.05 versus the $0.68 consensus and revenue of $3.27 billion versus $4.81 billion expected.
• The company announced a quarterly dividend of $0.20 per share, equivalent to $0.80 annually and a 2.1% yield.

Shares of Gold.com Inc. (NYSE:GOLD - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $58.00.

Several research firms have weighed in on GOLD. Northland Securities set a $55.00 price objective on Gold.com in a report on Thursday, September 3rd. DA Davidson reissued a "buy" rating and set a $60.00 target price on shares of Gold.com in a research note on Thursday, September 3rd. Wall Street Zen cut Gold.com from a "hold" rating to a "sell" rating in a research note on Saturday, October 31st. Canaccord Genuity Group decreased their target price on Gold.com from $70.00 to $65.00 and set a "buy" rating for the company in a report on Thursday, September 3rd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Gold.com in a report on Monday, August 17th.

Gold.com Trading Down 9.4%

Shares of NYSE:GOLD opened at $37.52 on Friday. The company has a 50-day moving average price of $42.34 and a 200-day moving average price of $44.70. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 12.47 and a beta of 0.63. Gold.com has a 12 month low of $23.00 and a 12 month high of $66.70.

Gold.com (NYSE:GOLD - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.63). Gold.com had a return on equity of 17.42% and a net margin of 0.34%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the business earned ($0.04) earnings per share. As a group, research analysts forecast that Gold.com will post 3.73 EPS for the current fiscal year.

Gold.com Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 19th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, November 19th. Gold.com's payout ratio is presently 26.58%.

Insider Buying and Selling at Gold.com

In other news, Director Jeffrey D. Benjamin sold 18,973 shares of the firm's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $47.82, for a total value of $907,288.86. Following the completion of the sale, the director directly owned 304,265 shares of the company's stock, valued at approximately $14,549,952.30. This trade represents a 5.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory N. Roberts sold 25,000 shares of Gold.com stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $49.36, for a total transaction of $1,234,000.00. Following the sale, the chief executive officer directly owned 28,202 shares in the company, valued at $1,392,050.72. The trade was a 46.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 300,000 shares of company stock valued at $11,840,113 and have sold 124,859 shares valued at $5,835,628. Insiders own 16.50% of the company's stock.

Institutional Trading of Gold.com

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC grew its position in shares of Gold.com by 42.5% in the 1st quarter. Empowered Funds LLC now owns 277,029 shares of the company's stock worth $11,103,000 after buying an additional 82,637 shares during the period. Bank of New York Mellon Corp purchased a new position in Gold.com during the 2nd quarter valued at about $7,143,000. Renaissance Technologies LLC purchased a new position in Gold.com during the 1st quarter valued at about $4,836,000. Sei Investments Co. lifted its position in Gold.com by 108.8% during the 1st quarter. Sei Investments Co. now owns 119,993 shares of the company's stock valued at $4,809,000 after acquiring an additional 62,537 shares during the period. Finally, Globeflex Capital L P bought a new stake in Gold.com during the second quarter worth about $2,783,000. 62.85% of the stock is currently owned by hedge funds and other institutional investors.

Gold.com Company Profile

Gold.com, Inc, together with its subsidiaries, operates as a precious metals company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers complementary services, such as receiving, handling, inventorying, processing, packing, and shipping of precious metals and custom coins on a secure basis; and designs and produces minted silver products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.